Question
A Japanese company has a bond outstanding that sells for 95 percent of its 100,000 par value. The bond has a coupon rate of 6.20
A Japanese company has a bond outstanding that sells for 95 percent of its 100,000 par value. The bond has a coupon rate of 6.20 percent paid annually and matures in 18 years. What is the yield to maturity of this bond?
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Municipal Finances A Handbook For Local Governments
Authors: Catherine D. Farvacque-Vitkovic, Mihaly Kopanyi
1st Edition
082139830X, 978-0821398302
